UPS reported a record USD1.22 billion net profit in the fourth quarter that was 9.3 percent better than the same quarter the year before and came on healthy gains in U.S. domestic package demand and pricing. UPS also raised its earnings outlook for 2012, saying profit improvement will outpace “modest improvement in the U.S.’ economy.” The fourth-quarter profit, before including a change in pension accounting the company announced last week, brought UPS’s earnings for the full year to USD4.2 billion, 20.8 percent better than the net profit in 2011.
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